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With features and riders that can guarantee you lifetime coverage while providing strong growth potential through diverse investment options, AIG Protection Advantage VULSM provides everything you expect from a VUL - with an optional extra layer of assurance that says no matter how your underlying investments options perform, your policy will not lapse.
See Policy and Fund Prospectuses and Performance Information
- Excellent death benefit protection for you, your family and/or your business - with built-in guarantees1 that can be extended to last your entire life.
- Cost-efficient means of wealth transfer.
- Wealth accumulation within a tax-favored vehicle.
- Flexible design so you can tailor your policy with optional riders to meet your specific needs.
- Estate planning enhancements provide you flexibility to help you meet all your wealth management needs.
- Diverse investment options2 spanning investment categories including global and domestic stocks, commodities and real estate investment trusts - along with easy-to-use tools to help you select and manage your investment choices over time.
- Issue Ages: 18 - 85
- Minimum Death Benefit: $50,000
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- Guaranteed Minimum Death Benefit - Provides an even greater level of protection for you and your family. With the GMDB rider, your coverage is guaranteed for your lifetime not to lapse regardless of market performance, as long as minimum premiums are paid to guarantee the death benefit. This rider also provides flexibility, allowing you to select the number of years of the death benefit guarantee. There is a cost associated with this rider and that cost will be deducted from the accumulation value of the policy.
- The GMDB Rider’s Automatic Adjustment feature captures the upside potential of financial market performance – and means that the performance of underlying investment options can be used to increase your guarantee period, or possibly reduce or eliminate required premiums if your guarantee period is not extended.4
- Accidental Death Benefit Rider - Pays an additional death benefit up to $200,000 if the insured’s death is accidental.
- Waiver of Monthly Deduction Rider - Provides a waiver of all monthly charges assessed for both your policy and any riders should you become totally disabled. Please note that this rider can only be purchased at the time the policy is issued.
- Children's Insurance Benefit - Provides term life insurance coverage on the eligible children (dependent, up to age 19 at issue) of the person insured under the policy. It can be converted into any other insurance (except term) available for conversion.
- Maturity Extension Provision5 - Allows you to extend the maturity date of the policy. This provision is part of the policy, with no additional charge.
- Overloan Protection Rider - When certain conditions are met, this rider can prevent your policy from lapsing because of loan indebtedness, thereby preventing you from receiving a potentially large tax bill.
1 Guarantees are subject to the claims-paying ability of The United States Life Insurance Company in the City of New York.
2 Investment return and principal value of the variable options may fluctuate, so that a policy owner’s units, when redeemed or borrowed against, may be worth more or less than their original cost. Consult fund prospectuses for information on currently available funds.
3 There may be a charge for each rider you select. Adding or deleting riders and increasing or decreasing coverage under existing riders can have tax consequences. Policy owners should consult a qualified tax advisor.
4 Investment allocation restrictions apply to certain investment options when choosing the GMDB rider. Please see prospectus for details.
5 The tax consequences of extending of the maturity date beyond the age 121 termination date of the 2001 CSO Mortality Table are unclear. Policy owners should consult a qualified tax advisor before electing this option.
Policies issued by:
The United States Life Insurance Company in the City of New York
A subsidiary of American International Group, Inc. (AIG)
70 Pine Street, New York, N.Y. 10270
AIG Protection Advantage VUL Policy Form Number 07921N
Accidental Death Benefit Rider Form Number ADB 79-1E
Children's Insurance Benefit Rider Form Number CI 79-1E1
Guaranteed Minimum Death Benefit Rider Form Number 07411N
Overloan Protection Rider Form Number 07620N
Waiver of Monthly Deduction Rider Form Number 82001N
The underwriting risks, financial and contractual obligations and support functions associated with products issued by The United States Life Insurance Company in the City of New York (USL) are its responsibility. AIG does not underwrite any insurance policy referenced herein. Policies and riders not available in all states.
Variable universal life insurance policies issued by USL are distributed by American General Equity Services Corporation, member FINRA, www.finra.org and a subsidiary of American International Group, Inc.
